An Act providing for funding for certain State-aided universities for the fiscal year beginning July 1, 2025, and ending June 30, 2026, for costs basis, for frequency of payments and for recordkeeping requirements; imposing a duty on the Auditor General; providing for financial statements, for the Agricultural College Land Scrip Fund and for restrictions; and making appropriations.
What changed between versions
The term 'State-related university' was changed to 'State-aided university' throughout the text to reflect the broader inclusion of The University of Pennsylvania.
The University of Pennsylvania was added to the list of universities eligible for funding and subject to the act's provisions.
New funding allocations were added for The University of Pennsylvania, specifically $31,560,000 for veterinary activities and $1,793,000 for the Center for Infectious Diseases.
New reporting requirements were established for The University of Pennsylvania, mandating a cost reduction report to be submitted by September 30, 2026.
New conditions were imposed on funding for The University of Pennsylvania, requiring that at least four non-elected board members be appointed by Senate and House leaders with full voting rights.
The definition of 'State-related university' was updated to explicitly include The University of Pennsylvania as a 'State-aided university'.
